20-40% (annuities); 10-20% (UL secondary guarantee) — firm-calibrated
| source | SOA Annuity Persistency Study; company experience |
| derivation | data_calibrated |
| quality | calibrated |
| regulatory frameworks | NAIC VM-21 |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-12-31 |
One-time elevated lapse at end of surrender-charge period; replaces base curve for that duration only.